ThinkstockSeveral large retailers accuse MasterCard Inc. (NYSE: MA) and Visa Inc. (NYSE: V) of setting unfair fees that damage the retailers’ sales prospects and margins while enriching the credit card companies. Bloomberg reports on…
Thinkstockpriceline.com Inc. (NASDAQ: PCLN) reported first quarter 2013 results after markets closed today. The online travel and hotel reservation company posted adjusted diluted earnings per share (EPS) of $5.76 per share on revenues of…
ThinkstockSame-store retail sales from many of the country’s largest chains are scheduled to hit the tape tomorrow. Sales in February and March rose just 2% and 1.4%, respectively, so the most recent projection from…
courtesy J.C. Penney Co. Inc.In decision we predicted yesterday, a New York State appellate court judge denied a request from Macy’s Inc. (NYSE: M) prohibiting J.C. Penney Co. Inc. (NYSE: JCP) from selling goods…
courtesy of ebayeBay Inc. (NASDAQ: EBAY) reported first quarter results after markets closed today. The online auction company reported adjusted diluted earnings per share (EPS) of $0.63 on revenues of $3.75 billion. In the…
ThinkstockIndustrial production and capacity utilization data have been released for the month of March. Production rose more than expected, with a gain of 0.4%, versus the Bloomberg consensus estimate of 0.2%. Capacity fell from…
Courtesy United Parcel Service Inc.In late January, United Parcel Service Inc. (NYSE: UPS) said it was giving up on its $6.7 billion bid to acquire Dutch-based TNT Express N.V. following the European Union’s rejection…
ThinkstockActivist investor Carl Icahn made a play for railcar maker Greenbrier Companies Inc. (NYSE: GBX) last December, but quickly reversed himself after the firm rejected his $22 per share offer. Greenbrier’s shares have risen…
Flickr, James SarmientoApollo Group Inc. (NASDAQ: APOL) reported fiscal second quarter 2013 adjusted diluted earnings per share (EPS) of $0.34 on revenue of $834.4 million. In the same period a year ago, the for-profit…
By Tkgd2007 at en.wikipedia , from Wikimedia CommonsFedEx Corp. (NYSE: FDX) reported fiscal third quarter 2013 results before markets opened this morning. The package delivery service reported adjusted diluted earnings per share (EPS) of…
ThinkstockIt was just in recent days that we saw Apollo Group Inc. (NASDAQ: APOL) warn in an SEC filing that its regulator and accreditation board put the company’s prior “notice” status to a formal…
courtesy of Groupon Inc.Groupon Inc.’s (NASDAQ: GRPN) fourth-quarter results were so bad that there is new talk about firing CEO Andrew Mason. The problem with this is that he and two others control the…
ThinkstockIf you think you’ve seen this movie before, well, you have. VeriFone Systems Inc. (NYSE: PAY) is replaying the scenario the company rehearsed more than two years ago when the stock price plunged by…
thinkstockRatings agency Moody’s Corp. (NYSE: MCO) reported fourth-quarter and full-year 2012 results before markets opened this morning. For the fourth quarter Moody’s reported diluted earnings per share (EPS) of $0.70 on revenues of $754.2…
ThinkstockMicrosoft Corp. (NASDAQ: MSFT) has decided to allow businesses to license the new version of its widely used and highly profitable Office product. The move may be an acknowledgement that companies have moved to…